1985-014 - Laserfiche WebLink

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1, The Board hereby accepts the Application of the Company on file with the Secretary of the Authority for the financing of proposed Project of the Company described in said Application, Acceptance by the Board of said Application shall in no way obligate the Authority preliminarily to undertake the Project. 2, The Board has duly considered the Application of the Company, and other information provided, and hereby finds and determines (a) that it is likely that the undertaking of the Project by the Authority will be a substantial factor in the accrual of each of the publ ic benefits from the use of the Project as proposed in the Application; (b) that the activities and uses of the Project are in accord with Section 91503 of the Act, and (c) that the Project is otherwi se in accord wi th the purposes and requi rements of the Act. 3, The Board hereby authorizes the issuance and sale of bonds of the ,^.uthority pursuant to the Act and the procedures specified therein in a principal amount of not to exceed Two Million One Hundred Sixty Thousand Dollars ($2,160,000) for the purpose of financing the Project to be located at 302 E. Goetz Avenue in the City of Santa Ana, California, The Application on file with the Secretary is referred to for further particulars. 4. The issuance and sale of said bonds shall be subject to the granting of all necessary administrative and regulatory approvals and shall be upon such terms' and conditions as may. be mutually agreed upon by the Authori ty, the Company and the purchaser of said bonds and shall be authori zed by resolution of the Board of Directors of the Authority at a meeting duly held and conducted for such purpose, 5, issuance payme n t s The proceeds of the bonds shall include such related and necessary expenses, administrative costs, debt service reserves and interest as may be required to accomplish successfully the financing, 6, The Secretary of the Authority is hereby authorized and directed to cause notice of the filing of the Company's Application, as amended or supplemented, to be published in accordance with the requirements of Section 91530(e) of the Act. 7, The Secretary is further authorized and directed forthwith to certify and file a copy of this Resolution and the Application with the City Clerk of the City of Santa Ana. 8, The Secretary is further authorized and directed to transmit to the California Industrial Development Financing Advisory Commission (the "Commission") this Board's request that the Commission make its determinations in regard to the Project, together with such information as may be required by . the Commission. ******** -2- ..,J J '.,J J "WI